Mad Scientist
Feels Good!
- Sep 15, 2008
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$2.95 where I live. I forgive the Saudis for those 19 highjackers. (No I don't)
Oil falls as OPEC opts not to cut production
See because the more you have of something, the lower the price goes. How bout that!
Oil falls as OPEC opts not to cut production
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
Brent crude oil fell more than $3 to under $75 a barrel—a fresh four-year low—on the news while West Texas Intermediate (WTI)—dropped below $70. Global oil prices have plunged since peaking in June, and Brent crude has lost around a third of its price from $115 a barrel.
See because the more you have of something, the lower the price goes. How bout that!